Alphabet Rising: Q2 Beats Despite Expanding cost of 'TAC'

27 October 2017, 01:00 | Frank Carlson

Alphabet Inc. - GOOG - Stock Price Today - Zacks

The company reported roughly $27.8 billion in total revenues (up 24 percent), with Google contributing all but $302 million of that amount. The company has an average rating of "Buy" and a consensus price target of $1,061.20.

A corporate reorganization started two years ago created Alphabet, which has holdings including cash-engine Google and ventures devoted to innovative "moon shots" such as Waymo self-driving auto unit and a Loon project for delivering internet service from high-altitude balloons.

Distribution payments increased 54 percent in the third quarter, accounting for 12 percent of ad sales.

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Alphabet's shares rose 4.2% in after-hours trading. Finally, Citigroup Inc upped their target price on shares of Alphabet from $1,135.00 to $1,180.00 and gave the company a "buy" rating in a research note on Tuesday, July 25th. Boston Partners now owns 810,490 shares of the company's stock worth $570,204,000 after buying an additional 486,266 shares during the period. The third quarter was the 15th in a row in which the company has shown double-digit, year-over-year sales growth. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright laws.

Shares of Alphabet Inc. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. If you are accessing this story on another site, it was illegally copied and republished in violation of worldwide copyright law. That's compared to the $27.2 billion analysts expected Google to bring in before its report today, Business Insider reported. The Company's businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company's segments include Google and Other Bets.

Google's cost-per-click - a metric that helps define how valuable its ads are - grew 1% quarter-over-quarter this year.

Most of those billions are still coming from advertising, AKA Google and its domination of web search.

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